An incredible real estate opportunity in a bustling Presque Isle area near downtown and the hospital, this maintained property offers ultimate flexibility as an income-generating duplex or an easily converted, single-family home. Featuring 2,348 square feet of total living space across two distinct levels with secure entries, each unit boasts two bedrooms, a full bathroom, a spacious living room, and a fully equipped kitchen—enhanced by fresh paint and new flooring in various areas, and an efficient new heat pump installed since 2024. A shared first-floor laundry area adds convenience, while exterior highlights include metal roofs on both the house and garage, a highly coveted 3-bay garage, and a bonus storage shed ideal for a workshop, garden shed or extra storage. Whether you choose to live in one unit and rent the other, maximize dual rental income near medical staff and local amenities, or unify the footprint, this is a low-maintenance, turnkey investment in a prime location.
Here is an opportunity to invest in a two-unit apartment building with excellent rental income potential. Many updates have been completed recently to freshen things up and ensure both units are move-in ready. Each apartment encompasses over 1,000 square feet of living space and includes two bedrooms and a full bathroom. Both floors have secure entry from the front or back of the house, with a shared laundry space and additional entryway on the first floor. Three garage spaces provide a valuable amenity for tenants. There is also a bonus shed on the property that would be great for extra storage or to be converted into a playhouse, man-cave, she-shed, take your pick! Conveniently located in proximity to all of Presque Isle's amenities including schools, health care, recreation, community activities, entertainment, retail, restaurants, banking, etc. Everything you need is easily accessible without a lengthy commute. This could be your next smart investment!
MREIS #1594012
Jun 19, 2024
Listed
$219,600
$94/sq ft
MREIS #1577767
Nov 18, 2023
Listed
$326,985
$139/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$4,499 (+18.4%)
$32,300 + $178,900
$211,200
2023
$3,801 (−4.9%)
$28,000 + $140,200
$168,200
2022
$3,995 (+0.4%)
$28,000 + $140,200
$168,200
2021
$3,981 (+6.6%)
$28,000 + $132,200
$160,200
2020
$3,735 (−0.2%)
$27,500 + $122,200
$149,700
2019
$3,741 (−3.2%)
$27,500 + $122,200
$149,700
2018
$3,865 (+0.9%)
$27,500 + $122,200
$149,700
2017
$3,832 (+2.4%)
$27,500 + $122,200
$149,700
2016
$3,744 (+5.9%)
$27,500 + $118,300
$145,800
2015
$3,534 (+3.1%)
$20,500 + $118,300
$138,800
2013
$3,428
$20,500 + $118,300
$138,800
Public record
Beds
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
0.42 Acres
Year renovated
1994
Finished Sq. Ft.
1,974
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,974
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Aroostook County
APN
736292
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
1/10 Heat Factor
7 days above 88° expected this year, 14 days in 30 years
4/10 Wind Factor
11% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Presque Isle, ME • 04769
Average low and high temperatures (°F)
21
7
25
5
38
18
48
32
63
42
74
53
78
59
77
53
70
46
59
37
41
30
26
11
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Presque Isle. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 56 Academy St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $216,000 and $349,900.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $216K to $350K.